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IMMO BRÜLS

Active
Private limited companyfounded 20224 yrs activeMorsheck 7, 4760 Büllingen, BelgiumKBO/BCE: BE 0786.203.014
Summary

IMMO BRÜLS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,168 and a net result of €34,807. Equity is growing by ~99.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency43▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.35 in 2024; short-term debt: 19% and cash: 8.7% of total assets), and 82.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
17.7%
Return on assets
8.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
18 d late
2024
30 d late
2023
23 d late
2022
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO BRÜLS was incorporated on 13 May 2022 as a Private limited company.1 Total assets went from EUR 415,941 in 2022 to EUR 418,033 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,807▼ 8.2%
2024 · €37,899
Working capital
-€41,992▲ 38.7%
2024 · -€68,488
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€50,980-€45,359€54,170▲ 19.4%€57,478▲ 6.1%
Net result-€56,789below the sector's middle half-€33,252within the sector's middle half€37,899within the sector's middle half▲ 14.0%€34,807within the sector's middle half▼ 8.2%
Equity-€31,789below the sector's middle half-€1,463below the sector's middle half€39,362below the sector's middle half▲ 2,591%€74,168within the sector's middle half▲ 88.4%
Total assets€415,941below the sector's middle half-€446,915below the sector's middle half▲ 7.4%€428,711below the sector's middle half▼ 4.1%€418,033below the sector's middle half▼ 2.5%
Debt€447,731-€445,452▼ 0.5%€389,349▼ 12.6%€343,865▼ 11.7%
Working capital-€95,340within the sector's middle half--€93,306within the sector's middle half▲ 2.1%-€68,488within the sector's middle half▲ 26.6%-€41,992within the sector's middle half▲ 38.7%
Solvency-7.6%below the sector's middle half-0.3%below the sector's middle half▲ 8.0pp9.2%within the sector's middle half▲ 8.9pp17.7%within the sector's middle half▲ 8.6pp
Current ratio0.25below the sector's middle half-0.34below the sector's middle half▲ 0.090.35below the sector's middle half▲ 0.010.47within the sector's middle half▲ 0.12
Return on assets (ROA)-13.7%below the sector's middle half-7.4%above the sector's middle half▲ 21.1pp8.8%above the sector's middle half▲ 1.4pp8.3%above the sector's middle half▼ 0.5pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2022: -€50,980-€50,980Net result 2022: -€56,789-€56,789Operating result 2023: €45,359€45,359Net result 2023: €33,252€33,252Operating result 2024: €54,170€54,170Net result 2024: €37,899€37,899Operating result 2025: €57,478€57,478Net result 2025: €34,807€34,8072022202320242025€0€20,000€40,000€60,000Operating result 2023: €45,359€45,400Net result 2023: €33,252€33,300Operating result 2024: €54,170€54,200Net result 2024: €37,899€37,900Operating result 2025: €57,478€57,500Net result 2025: €34,807€34,800202320242025
The operating result has risen three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418,033
Fixed assets €380,554 ▼ 3.0%
Current assets €37,479 ▲ 2.5%
Equity and liabilities €418,033
Equity €74,168 ▲ 88.4%
Debt €343,865 ▼ 11.7%
Debt's share of the balance-sheet total falls from 90.8% to 82.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€69,063▲
2024 · €65,399
Cash flow
€46,392▼
2024 · €49,129
Debt to equity
4.64▼
2024 · 9.89
ROE
46.9%▼
2024 · 96.3%
Interest coverage
6.41▲
2024 · 5.69
Debt ≤ 1 year
€79,470▼
2024 · €105,059
Debt > 1 year
€261,394▼
2024 · €281,289
Income taxes
€11,903▲
2024 · €4,787
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€428,711€418,033▼
Fixed assets21/28€392,139€380,554▼
Tangible fixed assets22/27€391,889€380,304▼
Land and buildings22€377,321€367,397▼
Plant, machinery and equipment23€14,568€12,907▼
Financial fixed assets28€250€250=
Current assets29/58€36,571€37,479▲
Amounts receivable within one year40/41€1,068€653▼
Trade receivables40€856€440▼
Other amounts receivable41€213€213=
Cash at bank and in hand54/58€35,095€36,408▲
Deferred charges and accrued income490/1€408€417▲
Equity and liabilities
Total equity and liabilities10/49€428,711€418,033▼
Equity10/15€39,362€74,168▲
Contributions10/11€25,000€25,000=
Profit (loss) carried forward14€14,362€49,168▲
Amounts payable17/49€389,349€343,865▼
Amounts payable after more than one year17€281,289€261,394▼
Financial debts170/4€281,289€261,394▼
Amounts payable within one year42/48€105,059€79,470▼
Current portion of amounts payable after more than one year42€19,185€19,895▲
Trade debts44€2,379€1,853▼
Suppliers440/4€2,379€1,853▼
Advances received on contracts in progress46€4,317-
Taxes, remuneration and social security45€4,179€7,722▲
Taxes450/3€4,179€7,722▲
Other amounts payable47/48€75,000€50,000▼
Accrued charges and deferred income492/3€3,000€3,000=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,230€11,585▲
Other operating charges640/8€4,048€2,425▼
Gross operating margin9900€69,447€71,488▲
Operating profit (loss)9901€54,170€57,478▲
Financial income75/76B€7€6▼
Recurring financial income75€7€6▼
Financial charges65/66B€11,491€10,774▼
Recurring financial charges65€11,491€10,774▼
Profit (loss) for the period before taxes9903€42,686€46,710▲
Income taxes67/77€4,787€11,903▲
Profit (loss) for the period9904€37,899€34,807▼
Profit (loss) for the period to be appropriated9905€37,899€34,807▼
Appropriation of the result
Profit (loss) to be appropriated9906€14,362€49,168▲
Profit (loss) brought forward from the previous period14P-€23,537€14,362▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,948€9,577€11,230€11,585▲ 3.2%
Other operating charges640/8€53,330€3,510€4,048€2,425▼ 40.1%
Gross operating margin9900€4,297€58,446€69,447€71,488▲ 2.9%
Operating profit (loss)9901-€50,980€45,359€54,170€57,478▲ 6.1%
Financial income75/76B-€5€7€6▼ 14.1%
Recurring financial income75-€5€7€6▼ 14.1%
Financial charges65/66B€5,809€12,111€11,491€10,774▼ 6.2%
Recurring financial charges65€5,809€12,111€11,491€10,774▼ 6.2%
Profit (loss) for the period before taxes9903-€56,789€33,252€42,686€46,710▲ 9.4%
Income taxes67/77--€4,787€11,903▲ 149%
Profit (loss) for the period9904-€56,789€33,252€37,899€34,807▼ 8.2%
Profit (loss) for the period to be appropriated9905-€56,789€33,252€37,899€34,807▼ 8.2%
Line2022202320242025Change
Assets
Total assets20/58€415,941€446,915€428,711€418,033▼ 2.5%
Fixed assets21/28€384,295€398,244€392,139€380,554▼ 3.0%
Tangible fixed assets22/27€384,045€397,994€391,889€380,304▼ 3.0%
Land and buildings22€384,045€381,765€377,321€367,397▼ 2.6%
Plant, machinery and equipment23-€16,229€14,568€12,907▼ 11.4%
Financial fixed assets28€250€250€250€250=
Current assets29/58€31,646€48,671€36,571€37,479▲ 2.5%
Amounts receivable within one year40/41--€1,068€653▼ 38.9%
Trade receivables40--€856€440▼ 48.5%
Other amounts receivable41--€213€213=
Cash at bank and in hand54/58€28,809€46,584€35,095€36,408▲ 3.7%
Deferred charges and accrued income490/1€2,838€2,088€408€417▲ 2.2%
Equity and liabilities
Total equity and liabilities10/49€415,941€446,915€428,711€418,033▼ 2.5%
Equity10/15-€31,789€1,463€39,362€74,168▲ 88.4%
Contributions10/11€25,000€25,000€25,000€25,000=
Profit (loss) carried forward14-€56,789-€23,537€14,362€49,168▲ 242%
Amounts payable17/49€447,731€445,452€389,349€343,865▼ 11.7%
Amounts payable after more than one year17€318,945€300,475€281,289€261,394▼ 7.1%
Financial debts170/4€318,945€300,475€281,289€261,394▼ 7.1%
Amounts payable within one year42/48€126,986€141,977€105,059€79,470▼ 24.4%
Current portion of amounts payable after more than one year42€17,842€18,470€19,185€19,895▲ 3.7%
Trade debts44€1,007€16,538€2,379€1,853▼ 22.1%
Suppliers440/4€1,007€16,538€2,379€1,853▼ 22.1%
Advances received on contracts in progress46€2,400€4,800€4,317--
Taxes, remuneration and social security45€2,137€2,170€4,179€7,722▲ 84.8%
Taxes450/3€2,137€2,170€4,179€7,722▲ 84.8%
Other amounts payable47/48€103,600€100,000€75,000€50,000▼ 33.3%
Accrued charges and deferred income492/3€1,800€3,000€3,000€3,000=
Line2022202320242025Change
Profit (loss) for the period9904-€56,789€33,252€37,899€34,807▼ 8.2%
+ Depreciation and write-downs630€1,948€9,577€11,230€11,585▲ 3.2%
Operating cash flow (approximation)-€54,841€42,829€49,129€46,392▼ 5.6%
Investment in fixed assets (approximation)--€23,526-€5,126€0▲ 100%
Change in cash-€17,775-€11,489€1,314▲ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial Highest result since 2022net €37,899 ▲14%
Net result €37,899, the highest in the series.
23-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial Back to profitnet €33,252
Net result €33,252 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Büllingen · 1 establishment unit since 2022
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Morsheck 74760 Büllingen
1 establishment unit
IMMO BRÜLS
Morsheck 7, 4760 BüllingenReal estate activities
since 20222.332.010.553

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,525 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Contact
E-mail info@immobruels.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786203014
Also 9925:BE0786203014
Registered 27-11-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.